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Medusa Mining

ASX:MML
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MML
ASX
A$79M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Medusa Mining Limited, together with its subsidiaries, engages in the exploration, evaluation, development, mining, and production of gold properties. The last earnings update was 24 days ago. More info.


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MML Share Price and Events
7 Day Returns
-3.8%
ASX:MML
2%
AU Metals and Mining
0.4%
AU Market
1 Year Returns
-32.7%
ASX:MML
16.5%
AU Metals and Mining
4.5%
AU Market
MML Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Medusa Mining (MML) -3.8% -11.6% 4.1% -32.7% -49.3% -80.9%
AU Metals and Mining 2% -0.6% 15.8% 16.5% 101% 9.7%
AU Market 0.4% 0.8% 12.7% 4.5% 20.7% 5.7%
1 Year Return vs Industry and Market
  • MML underperformed the Metals and Mining industry which returned 16.5% over the past year.
  • MML underperformed the Market in Australia which returned 4.5% over the past year.
Price Volatility
MML
Industry
5yr Volatility vs Market

Value

 Is Medusa Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Medusa Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Medusa Mining.

ASX:MML Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:MML
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 30%) (13.28%))
1.143
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.143 * 5.96%)
9.12%

Discounted Cash Flow Calculation for ASX:MML using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Medusa Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:MML DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.12%)
2019 1.77 Est @ -37.9% 1.63
2020 1.32 Est @ -25.84% 1.11
2021 1.09 Est @ -17.39% 0.84
2022 0.96 Est @ -11.48% 0.68
2023 0.89 Est @ -7.34% 0.58
2024 0.85 Est @ -4.45% 0.50
2025 0.83 Est @ -2.42% 0.45
2026 0.82 Est @ -1% 0.41
2027 0.82 Est @ -0.01% 0.38
2028 0.83 Est @ 0.69% 0.35
Present value of next 10 years cash flows $6.91
ASX:MML DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.83 × (1 + 2.31%) ÷ (9.12% – 2.31%)
$12.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $12.45 ÷ (1 + 9.12%)10
$5.20
ASX:MML Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6.91 + $5.20
$12.11
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $12.11 / 207.79
$0.06
ASX:MML Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:MML)
1.41
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $0.06 x 1.41
A$0.08
Value per share (AUD) From above. A$0.08
Current discount Discount to share price of A$0.38
= -1 x (A$0.38 - A$0.08) / A$0.08
-362.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Medusa Mining is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Medusa Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Medusa Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MML PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.30
ASX:MML Share Price ** ASX (2019-03-22) in AUD A$0.38
ASX:MML Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.709 $0.27
Australia Metals and Mining Industry PE Ratio Median Figure of 83 Publicly-Listed Metals and Mining Companies 12.6x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Medusa Mining.

ASX:MML PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MML Share Price ÷ EPS (both in USD)

= 0.27 ÷ -0.30

-0.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Medusa Mining is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Medusa Mining is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Medusa Mining's expected growth come at a high price?
Raw Data
ASX:MML PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 0.7x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Medusa Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Medusa Mining's assets?
Raw Data
ASX:MML PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.45
ASX:MML Share Price * ASX (2019-03-22) in AUD A$0.38
ASX:MML Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.709 $0.27
Australia Metals and Mining Industry PB Ratio Median Figure of 584 Publicly-Listed Metals and Mining Companies 1.57x
Australia Market PB Ratio Median Figure of 1,668 Publicly-Listed Companies 1.69x
ASX:MML PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MML Share Price ÷ Book Value per Share (both in USD)

= 0.27 ÷ 0.45

0.6x

* Primary Listing of Medusa Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Medusa Mining is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Medusa Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Medusa Mining has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Medusa Mining expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Medusa Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Medusa Mining expected to grow at an attractive rate?
  • Unable to compare Medusa Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Medusa Mining's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Medusa Mining's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MML Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MML Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MML Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:MML Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 115 44 -61
2018-09-30 120 44 -58
2018-06-30 125 45 -56
2018-03-31 121 50 -28
2017-12-31 118 55 -1
2017-09-30 109 53 -29
2017-06-30 100 51 -57
2017-03-31 104 54 -46
2016-12-31 108 53 -29
2016-09-30 118 54 8
2016-06-30 128 55 44
2016-03-31 129 55 -84

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Medusa Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Medusa Mining is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MML Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Medusa Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MML Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:MML Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.30
2018-09-30 -0.28
2018-06-30 -0.27
2018-03-31 -0.14
2017-12-31 0.00
2017-09-30 -0.14
2017-06-30 -0.27
2017-03-31 -0.22
2016-12-31 -0.14
2016-09-30 0.04
2016-06-30 0.21
2016-03-31 -0.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Medusa Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Medusa Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Medusa Mining's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Medusa Mining's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Medusa Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Medusa Mining has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Medusa Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Medusa Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Medusa Mining does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Medusa Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Medusa Mining's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Medusa Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Medusa Mining Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MML Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 115.13 -61.24 13.54
2018-09-30 119.86 -58.40 14.45
2018-06-30 124.59 -55.55 15.36
2018-03-31 121.36 -28.25 12.71
2017-12-31 118.12 -0.94 10.06
2017-09-30 109.11 -28.81 9.03
2017-06-30 100.09 -56.68 7.99
2017-03-31 104.29 -45.96 8.70
2016-12-31 108.48 -28.80 8.26
2016-09-30 118.29 7.76 7.43
2016-06-30 128.09 44.33 6.61
2016-03-31 129.38 -83.85 7.15
2015-12-31 130.68 -211.49 7.70
2015-09-30 126.94 -214.80 8.06
2015-06-30 123.20 -218.11 8.43
2015-03-31 117.82 -87.75 8.35
2014-12-31 112.44 42.61 8.27
2014-09-30 98.32 36.74 8.27
2014-06-30 84.20 30.87 8.27
2014-03-31 83.26 32.74 8.01
2013-12-31 82.32 34.60 7.75
2013-09-30 91.50 42.39 8.13
2013-06-30 100.68 50.18 8.51
2013-03-31 96.66 51.99 9.66
2012-12-31 92.64 53.80 10.81
2012-09-30 86.92 51.49 10.78
2012-06-30 81.19 49.18 10.75
2012-03-31 96.69 62.72 9.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Medusa Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Medusa Mining has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Medusa Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Medusa Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Medusa Mining has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Medusa Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Medusa Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Medusa Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Medusa Mining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Medusa Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Medusa Mining Company Filings, last reported 2 months ago.

ASX:MML Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 93.50 7.44 13.96
2018-09-30 93.50 7.44 13.96
2018-06-30 82.84 6.51 11.20
2018-03-31 82.84 6.51 11.20
2017-12-31 153.93 6.83 12.48
2017-09-30 153.93 6.83 12.48
2017-06-30 140.45 10.50 11.21
2017-03-31 197.00 10.50 11.21
2016-12-31 191.57 7.05 8.80
2016-09-30 191.57 7.05 8.80
2016-06-30 260.44 7.57 9.52
2016-03-31 234.34 7.57 9.52
2015-12-31 223.61 6.20 9.54
2015-09-30 223.61 6.20 9.54
2015-06-30 192.01 5.97 9.99
2015-03-31 192.01 5.97 9.99
2014-12-31 439.50 8.05 13.64
2014-09-30 439.50 8.05 13.64
2014-06-30 412.31 9.33 13.06
2014-03-31 412.31 9.33 13.06
2013-12-31 388.22 7.06 19.91
2013-09-30 388.22 7.06 19.91
2013-06-30 356.25 2.25 4.70
2013-03-31 356.25 2.25 4.70
2012-12-31 348.95 0.00 8.83
2012-09-30 348.95 0.00 8.83
2012-06-30 315.67 0.00 12.47
2012-03-31 315.67 0.00 12.47
  • Medusa Mining's level of debt (8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.8% vs 8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Medusa Mining has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Medusa Mining has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -68.6% per year.
X
Financial health checks
We assess Medusa Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Medusa Mining has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Medusa Mining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Medusa Mining dividends.
If you bought A$2,000 of Medusa Mining shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Medusa Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Medusa Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MML Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:MML Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
ASX:MML Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2014-02-27 0.000 0.000
2013-08-27 0.000 0.000
2013-02-27 0.000 0.000
2012-08-29 0.041 0.720
2012-02-21 0.097 1.920
2011-08-29 0.094 1.631
2011-02-22 0.098 1.361
2010-10-06 0.048 0.780

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Medusa Mining has not reported any payouts.
  • Unable to verify if Medusa Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Medusa Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Medusa Mining has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Medusa Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Medusa Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Medusa Mining has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Medusa Mining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave McGowan
COMPENSATION $377,653
TENURE AS CEO 0 years
CEO Bio

Mr. David Angus McGowan, also known as Dave, has been Chief Executive Officer of Medusa Mining Limited since March 1, 2019. He was Chief Operating Officer of Medusa Mining Limited since June 2018 until March 1, 2019. He was General Manager of Engineering at Medusa Mining Limited since February 2017 until June 2018. Mr. McGowan served as General Manager of Coolgardie Gold Mine at MPI Mines Pty Ltd. Mr. McGowan joined MPI Mines Pty Ltd in 2002. He has more than 35 years' experience in the mining industry, starting as an underground miner in the early 1980s. He was responsible for the management and control of mining of the high grade underground Black Swan Nickel Mine. He has served several senior mining positions including Underground Manager at Kundana Gold Mine for Goldfields Ltd and Divisional Manager of Underground Operations with Eltin Ltd. He was Resident Manager of Jaguar Operations at Jabiru Metals Limited since November 2007. He is a mining engineer, graduating from the Western Australian School of Mines, Curtin University in 1990 and is a Fellow of the AusIMM.

CEO Compensation
  • Dave's compensation has increased whilst company is loss making.
  • Dave's remuneration is higher than average for companies of similar size in Australia.
Management Team

Dave McGowan

TITLE
Chief Executive Officer
COMPENSATION
$378K

Peter Alphonso

TITLE
Company Secretary & CFO
COMPENSATION
$336K
TENURE
5.7 yrs

Raul Villanueva

TITLE
Executive Director & President of Philippine Subsidiaries
COMPENSATION
$425K

James Llorca

TITLE
General Manager of Geology & Resources
COMPENSATION
$376K
TENURE
2.4 yrs

Patrick Chang

TITLE
Corporate Development & Investment Relations Officer
Board of Directors Tenure

Average tenure of the Medusa Mining board of directors in years:

5.3
Average Tenure
  • The tenure for the Medusa Mining board of directors is about average.
Board of Directors

Andrew Teo

TITLE
Chairman
COMPENSATION
$121K
AGE
65
TENURE
5.3 yrs

Raul Villanueva

TITLE
Executive Director & President of Philippine Subsidiaries
COMPENSATION
$425K
TENURE
6.2 yrs

Roy Daniel

TITLE
Independent Non-Executive Director
COMPENSATION
$81K
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
20. Nov 18 Sell Arbiter Partners Capital Management, LLC Company 06. Jun 18 15. Jun 18 -152,894 A$0.63 A$-96,834
20. Nov 18 Buy Arbiter Partners Capital Management, LLC Company 08. Oct 17 24. Oct 18 1,402,460 A$0.46 A$648,244
20. Nov 18 Buy 75 Prospect Partners LLC Company 25. Oct 18 29. Oct 18 165,000 A$0.35 A$57,644
20. Nov 18 Buy Isaac Brothers, LLC Company 06. Oct 17 23. Aug 18 415,238 A$0.39 A$161,731
20. Nov 18 Buy Paul Isaac Individual 08. Nov 18 15. Nov 18 132,652 A$0.33 A$43,775
04. Sep 18 Buy Ruffer LLP Company 28. Jun 17 03. Sep 18 2,110,665 A$0.36 A$764,788
X
Management checks
We assess Medusa Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Medusa Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does The Medusa Mining Limited (ASX:MML) Share Price Tend To Follow The Market?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Kind Of Shareholder Owns Most Medusa Mining Limited (ASX:MML) Stock?

A look at the shareholders of Medusa Mining Limited (ASX:MML) can tell us which group is most powerful. … Medusa Mining is a smaller company with a market capitalization of AU$80m, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Does The Medusa Mining Limited (ASX:MML) Share Price Fall With The Market?

In finance, Beta is a measure of volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Do You Know Who Else Invests In Medusa Mining Limited (ASX:MML)?

The big shareholder groups in Medusa Mining Limited (ASX:MML) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Medusa Mining is a smaller company with a market capitalization of AU$76.9m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Are Medusa Mining Limited's (ASX:MML) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Medusa Mining Limited (ASX:MML), with a market cap of US$103.90m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Company Info

Description

Medusa Mining Limited, together with its subsidiaries, engages in the exploration, evaluation, development, mining, and production of gold properties. The company also explores for silver and copper deposits. It holds interests in the Co-O mine covering 596 square kilometers located in the Philippines. The company was founded in 2002 and is based in South Perth, Australia.

Details
Name: Medusa Mining Limited
MML
Exchange: ASX
Founded: 2002
A$78,961,834
207,794,301
Website: http://www.medusamining.com.au
Address: Medusa Mining Limited
100 Mill Point Road,
Suite 10,
South Perth,
Western Australia, 6151,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MML Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK MDSM.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB MQG Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA MML Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Medusa Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 10:32
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2018/07/13
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.